Sentence examples for maximize expected income from inspiring English sources

Furthermore, the rotation rule becomes important only at stocking numbers that maximize expected income.

Effectively, it is assumed that farmers make their decisions in order to maximize expected income minus some measure of its variability caused by yield and price variations.

Within the model, agents maximize expected lifetime income by choosing their labor market state and the intensity with which they search for work if not employed.

The model builds on the standard DMP framework where individuals maximize expected lifetime income by choosing their labor market state and the intensity with which they search for work if not employed.

Letting r and p represent input and output prices respectively, the problem of a risk-averse household is to maximize expected utility of gross income expressed as: Max X E U π = Max X ∫ 0 q [ U ( pq X f, X s, X o, ε − r f X f − r s X s − r o X o ) ] dG ε (2).

Why choose acts that maximize expected utility?

If expected utilities are partition-sensitive, then acts that maximize expected utility may be partition-sensitive.

Further questions arise about the plausibility of the normative requirement to maximize expected utility.

The ability to maximize expected value improved with age.

This contrasts with classical utilitarian approaches, which assume that choices maximize expected utility alone.

The approach equates maximizing expected utility of farm income with respect to any input to maximizing a function of moments of the distribution of ε.